Ingram Micro Reaffirms Third-Quarter Guidance in Advance of Investor Conferences
August 23 2007 - 4:00PM
PR Newswire (US)
SANTA ANA, Calif., Aug. 23 /PRNewswire-FirstCall/ -- Ingram Micro
Inc. (NYSE:IM), the world's largest technology distributor, today
reaffirmed guidance for the third quarter of 2007, which ends Sept.
29, 2007. As originally reported on July 26, 2007, sales are
expected to range from $8.3 billion to $8.5 billion, with net
income ranging from $67 million to $71 million or $0.38 to $0.40
per diluted share based on 178 million weighted average shares
outstanding and an effective tax rate of 27 percent. "The third
quarter is progressing as we expected," said Gregory M. Spierkel,
chief executive officer, Ingram Micro Inc. "Demand is generally
solid worldwide. Sales are expected to reach another quarterly
record, with 11 to 13 percent growth versus the year-ago quarter,
while our net income guidance reflects good operating leverage and
success in execution." The company's reaffirmation of guidance is
in advance of the following investor events: -- Thursday, September
6, 2007 Citigroup 14th Annual Global Technology Conference Hilton
New York Hotel - New York 11:00 a.m. ET Presenter: William D.
Humes, executive vice president and CFO -- Tuesday, September 18,
2007 Bank of America 37th Annual Investment Conference Ritz Carlton
Hotel - San Francisco, CA 1:30 p.m. PT (4:30 p.m. ET) Presenter:
Gregory M. Spierkel, CEO To access the live audio webcasts of the
presentations, visit the Investor Relations page of
http://www.ingrammicro.com/. The archived versions will be
available for approximately one week following the event. About
Ingram Micro Inc. As a vital link in the technology value chain,
Ingram Micro creates sales and profitability opportunities for
vendors and resellers through unique marketing programs, outsourced
logistics services, technical support, financial services, and
product aggregation and distribution. The company serves more than
150 countries and is the only global broadline IT distributor with
operations in Asia. Visit http://www.ingrammicro.com/. (C) 2007
Ingram Micro Inc. All rights reserved. Ingram Micro and the
registered Ingram Micro logo are trademarks used under license by
Ingram Micro Inc. DATASOURCE: Ingram Micro Inc. CONTACT: Media,
Rekha Parthasarathy, +1-714-382-1319, , or Investors, Ria Marie
Carlson, +1-714-382-4400, , both of Ingram Micro Inc. Web site:
http://www.ingrammicro.com/
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